The researchers looked at how companies in Guangdong managed their money from 2003 to 2010. They found that having a balance between debt and performance made companies do better. Using equity money can hurt a company's return on investment. Each industry has different ways they get money, and it affects how well they do. Getting money by selling parts of the company leads to bad results. So, companies should mix up how they get money, thinking about their industry. The government should make sure only the strongest companies survive to make industries strong. By choosing the right mix of ways to get money, companies can do better.